With the June 2020 debenture pricing, we are seeing record low rates for SBA 504 loans. Small business owners looking to refinance, purchase equipment or build/buy/renovate commercial real estate will find the SBA 504 Loan’s 25-year and 20-year fixed interest rates...
The Office of Advocacy, an independent office within the U.S. Small Business Administration, today released the Small Business Profiles for the States and Territories. Each year, Advocacy’s economic research team gathers the most recent government economic data to...
We are a couple of months into this COVID journey and, for some, the closures will continue for at least a bit longer. It seems like we’ve lived a lifetime during this relatively short period of time though. Major disaster assistance initiatives have been...
A question we get asked often is, “Can I refinance my commercial mortgage with an SBA Loan?” The answer is Yes! There are many reasons to consider refinancing an existing commercial mortgage loan. You might have a balloon payment coming up, you might be...
The SBA 504 Loan Program should be your first consideration as you look beyond today’s adversity and prepare for a post-pandemic restart. Preparing for a Post-Pandemic Restart Let’s face it, the Covid-19 pandemic has thrown even the most prepared businesses...
To our small business community, take a breath and give yourself some major credit for what you’re doing. Seemingly overnight, you were dealt unprecedented challenges in the form of shut-downs, HR issues, technological advancements and disaster leadership. Some of...
The programs and initiatives in the CARES Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain...
Illinois has been added to the list of Presidential and SBA Agency Declared Disaster States. Illinois businesses and non-profits statewide are now eligible to apply for disaster assistance loans via the SBA Economic Injury Disaster Loan (EIDL) program, a program...
We understand your concerns amid these ever-changing circumstances…but you are not alone. We’re here to help you sort through the Disaster Assistance Updates as the U.S. Small Business Administration (SBA) is taking action to address the challenges faced...
You are not alone. The U.S. Small Business Administration (SBA) is offering disaster assistance and taking action to address the challenges small businesses face due to the impacts of the coronavirus (COVID-19). While the situation is rapidly evolving, I’d like to...
